ExxonMobil (NYSE:XOM) Trading Down 1% – Here’s What Happened

ExxonMobil Corporation (NYSE:XOM) dropped 1% on Friday . The company traded as low as $144.71 and last traded at $145.4190. Approximately 27,303,365 shares were traded during trading, an increase of 30% from the average daily volume of 21,008,912 shares. The stock had previously closed at $146.96.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Exxon executives warned that global oil inventories are nearing dangerously low levels, suggesting a potential price spike in crude if supply tightens further. That backdrop is supportive for ExxonMobil because higher oil prices can lift upstream earnings and cash flow. Exxon warns oil inventories will hit dangerously low levels in weeks, forcing prices to shoot higher
• Positive Sentiment: Mizuho raised its 2026 and 2027 oil price outlooks and lifted its price target on ExxonMobil, reinforcing a constructive view on the stock if energy prices stay firm. Mizuho Increases 2026 and 2027 Oil Price Outlooks, Lifts Exxon Mobil (XOM) Target
• Positive Sentiment: Exxon’s strong balance sheet was highlighted as a major advantage, giving the company flexibility to weather volatility, fund acquisitions, and sustain shareholder returns. Why ExxonMobil’s Strong Balance Sheet Matters for Investors
• Neutral Sentiment: Exxon remains a heavily watched stock, with new articles focusing on its long-term prospects, including Guyana growth plans and conference commentary. These pieces are informative but don’t add an immediate catalyst. Here is What to Know Beyond Why Exxon Mobil Corporation (XOM) is a Trending Stock
• Negative Sentiment: Energy shares moved lower late Friday as the broader sector weakened, and oil prices slipped below $89 amid easing geopolitical fears and talk of Iran negotiations, which can pressure ExxonMobil’s near-term earnings outlook. Sector Update: Energy Stocks Fall Late Afternoon
• Negative Sentiment: Trump’s refusal to ease Iran sanctions and the associated drop in oil prices weighed on the energy complex, limiting support for ExxonMobil despite the company’s longer-term supply optimism. Trump Holds the Line on Iran: No Sanctions Relief as Oil Slides Below $89

Analysts Set New Price Targets

XOM has been the subject of a number of analyst reports. Morgan Stanley decreased their target price on shares of ExxonMobil from $172.00 to $171.00 and set an “overweight” rating for the company in a research note on Friday, April 17th. Zacks Research downgraded shares of ExxonMobil from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Loop Capital set a $123.00 price target on shares of ExxonMobil in a research report on Tuesday, February 3rd. Jefferies Financial Group raised their price target on shares of ExxonMobil from $178.00 to $184.00 and gave the company a “buy” rating in a research report on Thursday, April 9th. Finally, Wells Fargo & Company raised their price target on shares of ExxonMobil from $183.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, April 9th. Ten research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, ExxonMobil currently has a consensus rating of “Hold” and a consensus target price of $165.55.

ExxonMobil Stock Down 1.0%

The company has a market cap of $602.75 billion, a P/E ratio of 24.52, a P/E/G ratio of 0.63 and a beta of 0.19. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.04 and a quick ratio of 0.77. The company’s 50-day moving average is $155.03 and its two-hundred day moving average is $140.15.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.18. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The company had revenue of $83.16 billion during the quarter, compared to the consensus estimate of $81.13 billion. During the same quarter last year, the firm earned $1.76 earnings per share. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. As a group, equities analysts predict that ExxonMobil Corporation will post 11.49 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th will be given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, May 15th. ExxonMobil’s payout ratio is 69.48%.

Insider Buying and Selling

In other ExxonMobil news, VP Darrin L. Talley sold 1,080 shares of ExxonMobil stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $155.50, for a total value of $167,940.00. Following the completion of the sale, the vice president owned 17,124 shares of the company’s stock, valued at approximately $2,662,782. The trade was a 5.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.03% of the company’s stock.

Institutional Investors Weigh In On ExxonMobil

A number of large investors have recently added to or reduced their stakes in the stock. Impact Partnership Wealth LLC grew its position in ExxonMobil by 0.6% in the 1st quarter. Impact Partnership Wealth LLC now owns 12,017 shares of the oil and gas company’s stock worth $2,039,000 after purchasing an additional 67 shares during the period. Cardinal Strategic Wealth Guidance grew its position in ExxonMobil by 1.9% in the 1st quarter. Cardinal Strategic Wealth Guidance now owns 3,720 shares of the oil and gas company’s stock worth $631,000 after purchasing an additional 68 shares during the period. Core Wealth Advisors Inc. grew its position in ExxonMobil by 1.0% in the 1st quarter. Core Wealth Advisors Inc. now owns 6,805 shares of the oil and gas company’s stock worth $1,155,000 after purchasing an additional 68 shares during the period. ICW Investment Advisors LLC grew its position in ExxonMobil by 0.3% in the 4th quarter. ICW Investment Advisors LLC now owns 25,286 shares of the oil and gas company’s stock worth $3,043,000 after purchasing an additional 69 shares during the period. Finally, Swisher Financial Concepts Inc. grew its position in ExxonMobil by 0.3% in the 1st quarter. Swisher Financial Concepts Inc. now owns 27,402 shares of the oil and gas company’s stock worth $4,649,000 after purchasing an additional 69 shares during the period. Institutional investors own 61.80% of the company’s stock.

ExxonMobil Company Profile

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.